In The News

Cinnaire Awarded $60 Million New Markets Tax Credit Allocation

  Award Will Spur Projects that Support Education, Vocational Training and Job Opportunities in Underserved Communities The U.S. Department of Treasury’s Community Development Financial Institutions Fund (CDFI Fund) has awarded Cinnaire a $60 million New Markets Tax Credit (NMTC) Allocation. These tax credits incentivize private sector investors to partner in community financing efforts, stimulating economic […]

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Cinnaire Announces $8.5M NMTC Investment to Support Expansion of West Side Chicago School

Cinnaire announced the closing of an $8.5 million investment in New Markets Tax Credits (NMTC) to support the expansion of The Field School, a pre-K-8 private, nonprofit Christian school serving Chicago’s Austin neighborhood. This investment will enable The Field School to expand its facilities and continue providing high-quality education to a diverse and underserved student

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Three Cinnaire Projects Named Affordable Housing Finance Readers’ Choice Award Winners

  The Affordable Housing Finance (AHF) annual Readers’ Choice Awards honor and recognize outstanding affordable housing developments nationally in ten categories. Each project is unique and highlights the diverse range of affordable housing for families, seniors, formerly homeless individuals and those with special needs. We are thrilled to share three of Cinnaire’s investments – Restoring

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Policy Pulse – September 2024

This edition of Policy Pulse provides updates on potential legislation developments leading up to November’s election, the presidential candidates’ housing plans, state budget appropriations for affordable housing and policy legislation throughout Cinnaire’s footprint, and comments submitted by Cinnaire on rulemakings or requests through the FHFA and CMF. Click here to see Cinnaire’s September 2024 Policy

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Cinnaire Solutions and Olympia Development Begin Restoration on Detroit’s Historic Henry Street Apartments

Development partners digging shovels in dirt for Henry St groundbreaking

Detroit’s Henry Street Restoration Includes Seven Buildings, 170 Units and a Full City Block Marking a momentous day in The District Detroit, Cinnaire Solutions and Olympia Development of Michigan were joined on August 28 by Mayor Mike Duggan, Michigan State Housing Development Authority, Housing and Revitalization Department and other city officials to commence the restoration

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Keith Broadnax Honored with IAHC Leadership Award for Excellence in Affordable Housing Industry

  Cinnaire is proud to announce Keith Broadnax has been honored with the prestigious Indiana Affordable Housing Council (IAHC) Award for Leadership in Affordable Housing, recognizing his outstanding contributions and unwavering commitment to the industry. The award celebrates individuals who not only excel in their professional roles but also embody the true spirit of leadership

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New State-of-the-Art McClellan Early Childhood Center Opens on Detroit’s East Side, Offering Education to Over 90 Children

  $8.75 million, state-of-the-art facility will provide education to over 90 children Yesterday, a celebration took place to mark the opening of the new McClellan Early Childhood Center (McClellan) in the Gratiot Woods neighborhood on the East Side of Detroit. The state-of-the-art facility, spanning an impressive 15,000 square feet, is situated on the former site

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Affordable Housing Finance Announces Readers’ Choice Finalists

Affordable Housing Finance (AHF) has announced thirty-eight inspiring developments have been named finalists in the 2024 Readers’ Choice Awards. The awards recognize the best affordable housing developments nationally in 10 categories. Each project is unique and highlights the diverse range of affordable housing for families, seniors, formerly homeless individuals and those with special needs. We

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Legislation Introduced to Clarify Fannie Mae and Freddie Mac’s Ability to Invest in Multi-Investor Funds

On August 1, a bipartisan group of legislators introduced the Preserving Rural Housing Investments Act, a bill in the U.S. Senate and House of Representatives that would clarify the ability of Fannie Mae and Freddie Mac to invest in multi-investor funds, which are critical to their ability to reach rural markets. The legislation was led

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Cinnaire Joins Michigan Business Network to Present Results for Q2 2024 Michigan Future Business Index Survey

  In a recent statewide survey of 691 small to medium size businesses, respondents to the latest Michigan Future Business Index (MFBI) survey indicated that while inflation is the biggest challenge for small businesses, finding customers and acquiring talent are close behind. While reports of increased profits and new hires over the past six months

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Honoring the Career and Legacy of Jim Logue: Affordable Housing Legend Retires

Forty-Year Career Shaped Affordable Housing Industry Jim Logue, Cinnaire’s longtime Chief Operating Officer and most recently, Chief Policy and Advocacy Officer, is retiring this month after 21 years of dedicated service to our organization. Jim’s career in the affordable housing industry spans more than 40 years, marked by tremendous impact on disinvested communities at national,

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Electric Vehicle Carshare Program Launched at Detroit’s River Crest Apartments

Dignitaries at ribbon cutting in front of EV car and River Crest Apartments

Residents of River Crest Apartments in Detroit’s east side—as well as the local community—have access to a new affordable, environmentally friendly transportation option with the launch of an electric vehicle carsharing system through the national Affordable Mobility Platform (AMP) program. A kickoff event held at River Crest Apartments showcased the EV carshare system and its charging station. Residents

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